Heard on the Street: Why luxury giants keep popping the question
Good things rarely come in small packages anymore in the luxury-goods industry. The new advantages of scale mean investors can expect more takeover approaches like LVMH Moët Hennessy Louis Vuitton’s recent $14.5 billion bid for U.S. jeweler Tiffany & Co.
The performance of companies that sell designer fashion is diverging. With a handful of exceptions, small names are trailing larger labels such as Gucci and Louis Vuitton. This is surprising given the opposite trend can be seen in mass-market consumer goods: Technology...
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